Alex Corporation reports the following components of stockholders' equity at December 31 of the prioryear. During the current year, the following transoctions offected its stockholders' equity accounts January 2 Purchased x,500 shares of its own stock at $25 cash per share; jenuary 7 Directors deciered a $1.50 per share cash dividend payable on February 28 to the reteruary 9 stockbolders of record. february 28 pajd the dividend declared on jamary 7. july 9 sold 1,000 of its treasury shares at sie cash per share. tupust 27 sold 1,750 of its treasury shares at sn cash per share. Septenber 9 Directors declared a $2 per share cash dividend payable on october n to the septeaber 23 stackholders of record. october 22 pald the dividiend declared on septenber 9. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepore o statement of retained earnings for the current year ended December 31 3. Prepart the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Note: Amounts to be deducted should be indicated by a minus sign. 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current ye Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the current year ended December 31. Note: Amounts to be deducted should be indicated by a minus sign